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Latvijas Balzams posts 1.5% increase in turnover and 18.6% rise in profit in 9 months

BC, Riga, 01.12.2014.Print version
Joint-stock alcoholic beverage producer Latvijas Balzams operated with EUR 49 million in turnover in the first nine months of the year 2014, which was 1.5% more when compared to the same period last year, when the company achieved EUR 48.3 million in turnover, the company announced in a financial report submitted to the ''Nasdaq'' Riga Stock Exchange, writes LETA.

Meanwhile, the company posted EUR 4.4 million in un-audited profit in the first nine months of the year, which is 18.6% more than in the same period last year, when the company achieved EUR 3.7 million in profit.

 

During the first nine months of 2014, Latvijas Balzams paid EUR 40.5 million into the state budget.

 

Latvijas Balzams is the leading producer of alcoholic beverages in the Baltic States, and produces over 100 different kinds of alcoholic drinks. The company's products can be found in more than 160 countries.

 

The company employs 600 people and is one of the biggest taxpayers in Latvia.






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